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Corn, sorghum export inspections up on week

The USDA says that as of the week ending April 18th, corn and sorghum export inspections continue to move out ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand estimates is out May 10th.

Wheat came out at 450,275 tons, down 169,864 from the week ending April 11th, but up 86,449 from the week ending April 20th, 2023. The main destinations were Japan and the Philippines. With just over a month remaining in the 2023/24 marketing year, wheat inspections are 16,440,434 tons, compared to 17,890,747 in 2022/23.

Corn was reported at 1,623,532 tons, 270,017 higher than the previous week and 684,691 above a year ago. The top destinations were Mexico and Japan. In the back half of the marketing year, corn inspections are 30,327,330 tons, compared to 22,384,809 this time last year.

Soybeans were pegged at 435,256 tons, 11,314 less than the prior week, but 55,594 more than last year. The primary destinations were China and Mexico. So far, this marketing year, soybean inspections are 38,488,107 tons, compared to 47,049,478 a year ago.

Sorghum totaled 183,152 tons, an increase of 106,301 on the week and 129,363 on the year. The listed destinations were China and Somalia. 2023/24 sorghum inspections are 4,370,985 tons, compared to 1,305,344 in 2022/23.

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